Guideline Value for RPD VILLAGE

Rpd Village guideline value

The current guideline value of Rpd Village is Rs 1,100 per sq.ft, effective from 1 July 2024. This village falls under the Redhills Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Rpd Village has changed

Over the years, the guideline value of Rpd Village has seen several revisions. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,000 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2024 revision, marking a change of +10%.

The 2024 revision reflects the most current valuation, indicating a significant increase from the previous year's figure. The guideline value for this street is above the median value of Rs 700 per sq.ft for the 77 streets in Pullilyon under the Redhills SRO.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The 2024 guideline value for Rpd Village is Rs 1,100 per sq.ft, which is higher than the median value of Rs 700 per sq.ft. Below are the guideline values for other streets in Pullilyon:

• Santhi Colony: Rs 440 per sq.ft (2024)
• Sapather hashmi Nagar: Rs 550 per sq.ft (2024)
• Sapthalakshmi Nagar: Rs 550 per sq.ft (2024)
• Pudhu Nagar 9th Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 8th Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 7th Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Rpd Village

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees together Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rpd Village?

Rpd Village is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pullilyon

The guideline value plays a crucial role during the registration of property transactions in Pullilyon. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally documented and processed.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rpd Village?

The current guideline value of Rpd Village is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Rpd Village?

Rpd Village is classified as Residential Special Type - I, which is relevant for determining its guideline value and other regulatory aspects.

How is the stamp duty calculated in Rpd Village?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,100 per sq.ft would incur a stamp duty of Rs 77,000.

Where is the Sub Registrar Office for Rpd Village located?

The Redhills Sub Registrar Office, which covers Rpd Village, is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.